Citigroup Inc (C) is Investec Asset Management LTD’s 3rd Largest Position

Investec Asset Management LTD raised its holdings in Citigroup Inc (NYSE:C) by 1.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,358,940 shares of the financial services provider’s stock after acquiring an additional 102,833 shares during the quarter. Citigroup accounts for approximately 3.3% of Investec Asset Management LTD’s investment portfolio, making the stock its 3rd largest holding. Investec Asset Management LTD’s holdings in Citigroup were worth $753,509,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Leisure Capital Management increased its position in shares of Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares during the last quarter. Halbert Hargrove Russell LLC increased its position in shares of Citigroup by 1.6% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 74 shares during the last quarter. Usca Ria LLC increased its position in shares of Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 90 shares during the last quarter. Davis R M Inc. increased its position in shares of Citigroup by 2.2% during the 2nd quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 92 shares during the last quarter. Finally, Hartland & Co. LLC increased its position in shares of Citigroup by 1.2% during the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 97 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on C shares. Bank of America reiterated a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Wells Fargo & Co reiterated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Keefe, Bruyette & Woods increased their price objective on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Atlantic Securities reiterated an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, BMO Capital Markets raised their price target on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $77.92.

Citigroup Inc (NYSE:C) opened at $76.84 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc has a 1 year low of $55.23 and a 1 year high of $77.92. The stock has a market capitalization of $203,165.09, a P/E ratio of 14.81, a P/E/G ratio of 1.23 and a beta of 1.56.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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